Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.003%

Price spread now: gTrade (Gains Network) against Orderly−0.153%63s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.153% cheaper against Orderly than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.762	0.0100	pay 0.0100% / 8h	1h 19m	$231K	$275K	20x
Short	gTrade (Gains Network) AVAX/USD	10.745	L +0.0002% / S −0.0003%	get 0.0000% / 1h	19m 59s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.153%Rate

Funding earned: −$20.36
Price spread: −0.153% → 0.000%: −$15.33
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$51.69
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AVAX-PERP	−0.0197%	1h	10.752	−0.088%	$283K	$341K	10x	as long as short
Variational Omni AVAX	−0.0056%	8h	10.732	−0.282%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.756	−0.055%	$92K	$119K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.758	−0.037%	$4.9M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	10.745	−0.153%	$12K	—	150x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.019%	$17K	$152K	12x	as long as short
Gate AVAX_USDT	+0.0034%	8h	10.743	−0.177%	$12.9M	$32.3M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.753	−0.083%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0090%	8h	10.736	−0.242%	$81.7M	$146.0M	75x	as long as short
SoDEX AVAX-USD	+0.0092%	1h	10.755	−0.065%	$18K	$72K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.755	−0.069%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.756	−0.056%	$25K	$443K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.752	−0.093%	$37.4M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.741	−0.195%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.757	−0.051%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.738	−0.222%	$114.3M	$423.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.737	−0.232%	$18.9M	$112.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.743	−0.177%	$45.5M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.745	−0.158%	$13.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.741	−0.195%	$32.5M	$48.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.739	−0.214%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.747	−0.139%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.744	−0.166%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.747	−0.139%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.759	−0.028%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.762	long leg	$231K	$275K	20x
SunX AVAX-USDT	+0.0100%	8h	10.782	+0.186%	$11K	$766K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.764	+0.017%	$339K	$904K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.757	−0.046%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.740	−0.201%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.752	−0.093%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0112%	1h	10.758	−0.037%	$4.3M	$11.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.759	−0.028%	$855K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.743	−0.177%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.752	−0.091%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.752	−0.094%	$227K	—	120x	as long as short